


Ask the community...
3 This happened to me with Etsy and Paypal! If you're using TurboTax, there's a section where you can report both 1099s but then add an adjustment note explaining that they represent the same income. You'll have to pay self-employment tax either way though - welcome to the creator economy lol
11 Does this work with H&R Block software too? I'm in the same boat but don't use TurboTax.
I went through this exact same situation last year with my YouTube payments! The key thing to remember is that even though you received two 1099s, you're only taxed on the actual income you earned - not the forms themselves. Here's what worked for me: Report both 1099s on your Schedule C (because the IRS gets copies of both), but then make an adjustment entry to subtract out the duplicate amount. Most tax software has a section for "other income adjustments" where you can add a line like "Duplicate income reported - PayPal/TikTok same payments" and enter the overlapping amount as a negative. The $40 difference between your two forms is probably just timing or fees - I'd go with the higher amount to be safe. Also, since this is self-employment income, don't forget you'll owe self-employment tax on top of regular income tax, but you can also deduct business expenses like equipment, software, internet percentage, etc. Keep good records of everything in case of questions later. The IRS sees this double-reporting issue all the time with creators, so as long as your documentation is clear, you should be fine!
Make sure ur looking at 2024 transcripts not 2023! I spent weeks freaking out b4 I realized I was looking at last years π€‘
omg ty for this! I was on the wrong year π
happens to the best of us bestie π
Don't stress too much! The 971 code with the same date as your 570 is actually a good sign - it usually means they're just doing a routine review or verification. The 971 is like a notice code that explains why the 570 hold was placed. Most of the time these clear up within 1-2 weeks and then you'll see an 846 code when your refund gets released. Keep checking your transcript every few days and you should see movement soon!
Off topic but this is why I always save my withdrawal confirmations for any classes I drop. Had a similar situation where a community college tried to come after me for a class I DEFINITELY dropped, but I had the email confirmation. Saved me like $700!
This is such good advice! I learned this the hard way too. Also take screenshots of confirmation pages after you complete any registration or withdrawal actions online. I've had websites "glitch" and lose my withdrawal record before.
I've been through almost the exact same situation! Had a class I thought I withdrew from properly but apparently didn't, got hit with collections, and then stressed about the 1098-T implications. Here's what I learned after talking to both my tax preparer and the IRS directly: Since you never actually attended the class, this payment doesn't qualify for any education tax benefits anyway. The 1098-T is only useful if you're claiming education credits like the American Opportunity Credit or Lifetime Learning Credit, which require you to actually take courses toward a degree or credential. The fact that it went to collections doesn't change the tax situation - you're just paying off a debt for services you didn't receive. Think of it like paying a cancellation fee rather than tuition. No special reporting needed on your tax return. Don't stress about not having the 1098-T form. Even if the college could issue one (which they can't without your SSN), it wouldn't provide any tax benefit in your situation. Keep your payment records for your own files, but this is just a regular bill payment as far as the IRS is concerned. You're not going to get in trouble for not having this form - you simply don't need it!
Don't panic about Tax Topic 151! I got this last year and still got my full refund. The IRS is just doing extra verification. In my case they were double-checking my earned income credit and child tax credit amounts. The worst part is definitely the waiting and lack of clear information. If you can, sign up for informed delivery from USPS so you know when any IRS letters are coming to your mailbox.
I'm going through this exact same situation right now! Got Tax Topic 151 about 3 weeks ago and have been checking Where's My Refund obsessively. The waiting is absolutely killing me. I did manage to get through to the IRS last week (took about 2 hours on hold) and they told me they're reviewing my return because I claimed the Child Tax Credit and they need to verify my dependent information. The agent said it could take another 4-6 weeks but couldn't give me a definitive timeline. What's frustrating is that all my dependent info is correct - same kid I've claimed for years! But apparently they're being extra thorough this year. The agent did say that as long as everything checks out (which it should), I'll get my full refund plus any interest for the delay. Hang in there - from what I'm reading here it sounds like most people do eventually get their money, it just takes way longer than expected. The uncertainty is the worst part!
Demi Hall
After fighting with the IRS for WEEKS about my verification, I finally broke down and used claimyr.com to get an agent on the phone. Literally had been trying to call for days with no luck. Got connected to an IRS rep within 90 minutes who confirmed my refund was being processed and would be deposited within the week. Best money I spent all year considering I was waiting on a refund of over $5k!
0 coins
Mateusius Townsend
β’So claimyr.com is basically just a service that waits on hold for you with the IRS?
0 coins
Demi Hall
β’Yeah basically it navigates all those annoying phone menus and waits in the queue for you. Then when an agent is available, they call you and connect you. Saves hours of frustration.
0 coins
SofΓa RodrΓguez
I went through this exact same thing in January! My verification status disappeared after about 3 days and I totally panicked thinking something went wrong. But it turns out that's completely normal - when the status disappears it means you successfully passed verification and your return moved into regular processing. I got my 846 code exactly 11 days after the verification status disappeared, and the refund hit my account 4 days after that. The waiting is nerve-wracking but try not to stress too much - the disappearing status is actually good news! Just keep checking your transcript every few days and you should see that 846 code soon.
0 coins